Exchange traded fund weighting strategies are becoming increasingly important to investors. Long-time market observer and Wharton School professor Jeremy Siegel has argued for decades that investors should consider alternatives to popular capitalization-weighted funds, especially ETFs that weight their holdings based on fundamental factors such as earnings growth, dividends, or momentum. Now the tide is slowly …
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Apple removes Fakespot from App Retailer after Amazon complains
The Amazon shopping app in the Google Play Store on an Android smartphone. Christoph Dernbach | picture alliance | Getty Images Apple has removed Fakespot, a well-known app for detecting fake product reviews, from its App Store after Amazon complained the app provided misleading information and potential security risks. Fakespot’s app works by analyzing the …
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Unattainable Meals plans to convey out meatless hen nuggets this fall
Attendees visit the Impossible Foods booth at the 2020 Consumer Electronics Show (CES) in Las Vegas, Nevada on January 8, 2020. Robyn Beck | AFP | Getty Images Impossible Foods plans to add another meat substitute to its offering: plant-based chicken nuggets. The company will showcase the new product to US operators at a trade …
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Google separates with Cloud VP after staff complain about manifesto
Google Cloud headquarters sits in Sunnyvale, California. Google Cloud Google has parted ways with its VP of developer relations for Google Cloud after a contentious all-hands meeting. “I wanted to share that today is Amr Awadallah’s last day at Google,” wrote Vice President of Engineering & Product for Google Cloud Eyal Manor in an email …
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Blue Origin reveals Oliver Daemen flying to house with Jeff Bezos
Jeff Bezos walks out to where the New Shepard capsule landed in the Texas desert after a test flight in April 2021. Blue Origin The young physics student takes the place of the auction winner, who Blue Origin said could not fly on the mission “due to scheduling conflicts.” Blue Origin said the auction winner …
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China’s GDP grew 7.9% within the second quarter; Retail gross sales exceed expectations
A McDonald’s delivery worker walks past pig statues outside an art museum in Beijing on July 10, 2021. Jade Gao | AFP | Getty Images BEIJING – China reported GDP growth slightly below expectations in the second quarter, while retail sales and industrial production grew faster than forecast. The country’s gross domestic product rose 7.9% …
Wholesale costs rose 7.3% in June from a 12 months in the past for brand spanking new file surge
Wholesale prices for June rose more than expected in another sign that inflation is moving at a faster pace than markets had anticipated. The producer price index, which measures what companies get for the goods they produce, increased 1% from May and jumped 7.3% on a year over year basis. That marked the second month …
Singapore state funding agency Temasek releases annual report 2021
SINGAPORE — Singapore’s state investment company Temasek said Tuesday the net value of its portfolio reached a record high in the financial year that ended March 31. In its annual report, the investor said its portfolio grew to 381 billion Singapore dollars (around $283 billion) as of end-March. That’s compared with 306 billion Singapore dollars …
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PepsiCo (PEP) Q2 2021 destroy earnings estimates
PepsiCo reported Tuesday that its quarterly sales were up more than 20% year over year as restaurant demand for its beverages returned, causing a blow to profits. The company also raised its outlook for adjusted earnings per share growth for the full year. “Many of the things that we did during the pandemic and continued …
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The buying and selling quantity of cryptocurrencies is falling as curiosity subsides
Art at the Bitcoin 2021 Convention cryptocurrency conference at the Mana Convention Center in Miami on June 4, 2021. Marco Bello | AFP | Getty Images Cryptocurrencies are in a summer low as they go through a two-month correction period after a series of negative stories. Trading volume on the largest exchanges, including Coinbase, Kraken, …